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Paycode taps Algorand’s blockchain to migrate its digital payment infrastructure on-chain for offering secure, inclusive payments at scale to underserved and remote communities through offline-first payment systems

June 26, 2025 //  by Finnovate

The Algorand Foundation announced a new strategic partnership with Paycode to advance inclusive financial infrastructure across underserved and remote communities. Through this collaboration, Paycode and Algorand will explore integrating public blockchain technology to strengthen digital identity systems, improve transparency, and unlock new models for delivering secure, inclusive payments at scale. As part of the partnership, Paycode has selected Algorand as the blockchain to migrate its digital payment infrastructure on-chain, leveraging Algorand’s high speed, security, and energy efficiency to power future offline-first payment systems. Paycode’s technology is currently used by more than 6 million individuals across 8 countries, many of whom live in offline, remote, and underserved regions. To date, Paycode has facilitated the secure disbursement of $250m in aid and social payments, helping drive financial inclusion through biometric identity, offline digital wallets, and real-time payments. The two organisations will work together to host elements of Paycode’s digital payment infrastructure on the Algorand blockchain, with a focus on supporting transparent disbursement of aid, integrating stablecoin-based settlement mechanisms, and building resilient, offline-first financial tools. The partnership reflects a shared mission to deliver systems that are scalable, interoperable, and secure, even in regions with little or no connectivity.

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Category: Networks Processors & PSPs, Innovation Topics

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